Singapore and US expansion for Brightoil

Hong Kong: Hong Kong-listed Brightoil Petroleum is about to employ around 10 traders in Singapore and the US to start physical trading in crude oil.

"Moving into financial year 2013, we plan to strengthen our crude oil team and start our crude oil trading business," Denny Tan, executive director and chief financial officer, told reporters on Tuesday.

The company reported a 76 percent fall in net profit for the fiscal year ended June 2012.  [26/09/12]

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